Greenland pension fund is considering unloading U.S. stocks

Greenland’s pension fund is mulling whether it should continue investing in U.S. stocks, in what its chief executive says would be a symbolic stand against President Trump’s push to seize control of the Arctic island.

- BY GREG RITCHIE

SISA Pension, which manages around 7 billion Danish kroner ($1.1 billion), currently has around a 50% exposure to the U.S., mostly in public equities. While no decision has been made, its board and investment committee have been debating the merits of divestment, CEO Soren Schock Petersen said in an interview.

“We are still discussing it and will continue discussing it. Probably some time in the future, we will say enough is enough,” Copenhagen-based Petersen said via telephone. “This continuous pressure will perhaps end with a decision that we now have to act and can't keep ignoring it.”

Talk of selling U.S. assets by foreign holders resurfaced this week after Trump threatened to impose tariffs on goods from European countries opposing his push to take control of Greenland.

But he reversed his tariff plan Wednesday, citing a “framework of a future deal” that he said was reached regarding the island.